Bellevue Luxury Real Estate
Bellevue especially when including the small cities and towns of Clyde Hill, Medina, Hunts Point and Yarrow Point, is a luxury real estate market. The area had an average home sales price of $2.307 million in October. In addition, over 42% of the Bellevue area homes that sold, sold for $2 million or more. Thus, 40 of the 94 of the homes sold, sold for over $2 million. Furthermore, of those 40, 20 sold for between $2 and $3 million, 7 for $3 to $4 million, 6 between $4 and $5 million, and 7 for $5 million or more. The most expensive sale was on Evergreen Point (Medina). The 7,180 sq ft waterfront home sold for $10,500,000. Ironically, only two of the 40 sales were waterfront.
Mercer Island Luxury Homes
Mercer Island is also very much a luxury home markets. For instance, out of 14 Mercer Island homes that sold in October, 9 sold for over $2 million (7 of those sold over $3 million) and none sold for under $1 million. Thus, the average sales price for a Mercer Island home this past month was over $3.249 million. Indeed, the most expensive Mercer Island home sold for $9.080 million. That sale was a waterfront home that is over 5,000 sq ft, faces west towards Seward Park, and the nearly acre lot has amenities such as a tennis court. Three of the homes that sold were Mercer Island waterfront.
Seattle Luxury Real Estate
The city of Seattle has pockets of luxury neighborhoods and/or homes. There were 39 sales over $2 million in Seattle in October. Unlike, the Eastside this is a relatively low percentage of the sales. Nevertheless, it is still 7.4% of the sales. Most of the luxury homes follow the coast of Lake Washington or Puget Sound. For example, the most expensive Seattle luxury home was a Madrona home that sold for $5 million. The house was directly across from Madrona Beach on Lake Washington.
Luxury Homes in King County and Beyond
The luxury home market expands beyond Bellevue, Mercer Island, and Seattle. Ewing & Clark has sold some of the most significant homes in King County and beyond. Contact one of our luxury agents to learn more. Whether looking for a beachfront home in Whidbey, a mountain retreat, Lake Washington Waterfront, or a luxury condo, we can help.